Henry Miller Memorial Library (EIN 770473818) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Phone

8316672574

Tax Period

2025-01-01 to 2025-12-31

Henry Miller Memorial Library, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $587K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $127K, a strong 22% operating margin.

Mission

THE HENRY MILLER MEMORIAL LIBRARY IS A CULTURAL CENTER PROMOTING EDUCATION AND EVENTS RELATING TO LITERATURE, MUSIC, AND ART.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $144,151

Program Service Revenue $198,818

Investment Income $72,335

Other Revenue $171,793

TOTAL REVENUE $587,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,839

Fundraising Expenses $21,774

Program Expenses $327,798

Other Expenses $201,120

TOTAL EXPENSES $459,959

Year-over-Year Comparison

	2025	2024	Change
Revenue	$587,097	$755,623	-0.2%
Expenses	$459,959	$314,811	+0.5%
Net Income	$127,138	$440,812	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$122,666

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Magnus Toren	Executive Dir.	40.00	Director	$122,666	$0	$122,666
Susan Zsigmond	President	4.00	Officer Director	$0	$0	$0
Dana Carnazzo	Secretary	4.00	Officer Director	$0	$0	$0
Daniel Perlstein	Treasurer	4.00	Officer Director	$0	$0	$0
John Handy	Director	1.00	Director	$0	$0	$0
Britt Govea	Director	1.00	Director	$0	$0	$0
Laura Schulkind	Director	1.00	Director	$0	$0	$0
Keely Richter	Director	1.00	Director	$0	$0	$0
Niko Malkovich	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$587,097	$459,959	$3,186,634	$127,138
2024	$755,623	$314,811	$2,967,764	$440,812
2023	$355,492	$320,248	$2,537,329	$35,244
2022	$493,719	$316,027	$2,510,204	$177,692
2021	$422,274	$245,643	$1,736,136	$176,631
2020	$131,406	$186,731	$1,564,252	$-55,325

Henry Miller Memorial Library